Pages in Category Economics

**Crony capitalism** is capitalism falling back to feudalism as many aspects of the economy that in capitalism are controlled by a free marked are governmentally controlled again.

**[[http://en.wikipedia.org/wiki/Endowment_effect|Endowment effect]]** describes a phenomenon observed in economics. People value objects already in their possession higher than objects that can be purchased. == Classic experiment == # Two objects were …

As on this page the fauceir model of inequality is described, inequality is a treated as a fauceir that evolved 10,000-60,000 years ago. Inequality evolved because societies that exhibited inequality …

The **reproduction cycle** is the major fauceir considered in economics. (Reproduction in economics is not so different from reproduction among biological fauceirs.) The theory of reproduction was as far as …